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Description
Spotify Technology S.A. (‘Spotify’), together with its subsidiaries, provides audio streaming subscription service worldwide.
The company had a community of 751 million MAUs and 290 million Premium Subscribers across 184 countries and territories as…
Analysis
Beloved champion
Spotify Technology S.A. is a beloved champion: its quality is genuine, and the market already prices it as exceptional. One caution: reported profits have recently run ahead of actual cash, which we track closely.
The price is expensive. You pay 32.0× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 13% yearly growth; analysts expect 30%. The price, in other words, assumes less than the experts do.
The trajectory is solid and the balance sheet is sturdy. The company scores 20/20 on our value-creation score: strong value creator.
What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202313
94
2023202420252026
All-time high
94
Jun 2026
All-time low
10
Jan 2024
Average rank
58
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
12
20
60
57
Price/Earnings
5
16
8
1
Price/Book
8
7
15
13
Dividend Yield
1
1
1
1
Value (overall)
4
5
11
7
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.